By the Numbers: A Look at the Local Housing Market*

Westchester County’s local newspaper, the Journal News, featured a print exclusive Sunday chronicling the rebound of the Million Dollar homes in the region. As in my last post on the Rye Market, we are seeing more activity for “hot” properties than we have in a while, and Rye had the second highest million dollar homes sales in the Hudson Valley region last year, according to the newspaper article.  Here is the list as compiled by the paper for the article:

SALES BY MUNICIPALITY:

  1. 83 Scarsdale                           
  2. 73 Rye                                      
  3. 58 Harrison                            
  4. 43 New Castle                        
  5. 37 Mamaroneck (town)     
  6. 33 North Castle                     
  7. 30 Bedford                              
  8. 29 Larchmont                       
  9. 28 New Rochelle                  
  10. 25 Mamaroneck (village) 
  11. 22 Greenburgh                     
  12. 21 Bronxville                        
  13. 20 Mount Pleasant             
  14. 19 Lewisboro                        
  15. 15 White Plains                    

The article also states that Westchester sells more high end homes as a percentage of sales than similar suburban countied in the region.*

  • 19% in Westchester
  • 12% Fairfield
  • 3% Bergen
  • 2% Rockland
  • 2% Putnam

* Information per Welcome- The Million dollar Market is Rebounding from the Journal News (print edition only), 4/25/10. Although Scarsdale had the largest number of million dollar sales last year, in percentage terms Bronxville was in the lead with 80% of homes selling for that price.

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